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Livermore
Livermore
ZHEN

Machina Capital S.A.S.

SEC CIK
0001744373
Latest filing
Aug 10, 2026

The latest 13F from Machina Capital S.A.S. covers Q2 2026 (filed Aug 10, 2026): 368 long positions worth $631.1M. The top 10 holdings make up 10.2% of the portfolio, and the largest is Chevron Corp (CVX) at 1.2%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
148
Est. +$146.6M
Added
132
Est. +$183.4M
Reduced
87
Est. −$87.6M
Sold out
133
Est. −$140.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. CVXChevron Corp
    1.2%$7.85MHistory
  2. GDGeneral Dynamics Corp
    1.1%$7.14MHistory
  3. RTXRTX Corp
    1.1%$6.66MHistory
  4. AMTAmerican Tower Corp
    1.0%$6.47MHistory
  5. CBChubb Ltd
    1.0%$6.35MHistory

Share of portfolio

Top 5 holdings and the other 363 positions, by share of portfolio value

  1. CVX1.2%
  2. GD1.1%
  3. RTX1.1%
  4. AMT1.0%
  5. CB1.0%
  6. Other 363 positions94.5%

Biggest buys

New and added positions, by estimated amount bought

  1. AMTAmerican Tower Corp
    +$5.98MAddedHistory
  2. EQIXEquinix Inc
    +$5.36MAddedHistory
  3. RTXRTX Corp
    +$5.20MAddedHistory
  4. OXYOccidental Petroleum Corp
    +$4.83MNewHistory
  5. NINisource Inc.
    +$4.56MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AMTAmerican Tower Corp
    +0.92 pp0.1% → 1.0%History
  2. EQIXEquinix Inc
    +0.84 pp0.1% → 0.9%History
  3. OXYOccidental Petroleum Corp
    +0.77 pp0.0% → 0.8%History
  4. RTXRTX Corp
    +0.76 pp0.3% → 1.1%History
  5. NINisource Inc.
    +0.69 pp0.2% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VSTVistra Corp.
    −$10.7MReducedHistory
  2. NRGNRG Energy, Inc.
    −$5.55MSold outHistory
  3. NEMNEWMONT Corp
    −$4.38MSold outHistory
  4. USBUS Bancorp DE
    −$4.20MSold outHistory
  5. CNCCentene Corp
    −$4.20MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. VSTVistra Corp.
    −2.03 pp2.3% → 0.2%History
  2. NRGNRG Energy, Inc.
    −1.09 pp1.1% → 0.0%History
  3. OTISOtis Worldwide Corp
    −0.89 pp1.5% → 0.6%History
  4. NEMNEWMONT Corp
    −0.86 pp0.9% → 0.0%History
  5. USBUS Bancorp DE
    −0.83 pp0.8% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$631.1M
+$122.6M (+24.1%) vs. prior quarter
Positions
368
+15 vs. prior quarter
Top 10 concentration
10.2%
Top 10 as share of value
Turnover
40.0%
Q2 2026, one quarter
Average holding period
3.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $631.1M (Q2 2026)

Q1 2021: $8.78MQ2 2021: $59.1MQ3 2021: $46.3MQ4 2021: $41.5MQ1 2022: $45.5MQ2 2022: $44.5MQ3 2022: $47.2MQ4 2022: $54.0MQ1 2023: $114.0MQ2 2023: $176.3MQ3 2023: $178.5MQ4 2023: $154.9MQ1 2024: $189.9MQ2 2024: $222.9MQ3 2024: $251.3MQ4 2024: $237.5MQ1 2025: $337.1MQ2 2025: $480.7MQ3 2025: $568.4MQ4 2025: $523.9MQ1 2026: $508.4MQ2 2026: $631.1M
Q1 2021Q2 2026
13F filings of Machina Capital S.A.S. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026368$631.1MCVXGDRTXvs. Q1 2026SEC
Q1 2026May 13, 2026353$508.4MVSTOTISTJXvs. Q4 2025SEC
Q4 2025Feb 10, 2026341$523.9MGDOTISLBRDKvs. Q3 2025SEC
Q3 2025Nov 5, 2025314$568.4MLBRDKAVGOCMCSAvs. Q2 2025SEC
Q2 2025Aug 5, 2025304$480.7MLBRDKLLYVKAVGOvs. Q1 2025SEC
Q1 2025May 6, 2025275$337.1MLBRDKPNCAONvs. Q4 2024SEC
Q4 2024Feb 7, 2025265$237.5MLBRDKTTHESvs. Q3 2024SEC
Q3 2024Nov 7, 2024273$251.3MLBRDKMSIICEvs. Q2 2024SEC
Q2 2024Aug 9, 2024255$222.9MLBRDKBDXSPGIvs. Q1 2024SEC
Q1 2024May 13, 2024243$189.9MLBRDKSHWALLvs. Q4 2023SEC
Q4 2023Feb 6, 2024234$154.9MLBRDKPPGTMOvs. Q3 2023SEC
Q3 2023Nov 3, 2023247$178.5MNVDASHWCRMvs. Q2 2023SEC
Q2 2023Aug 8, 2023250$176.3MIBMCVXATVIvs. Q1 2023SEC
Q1 2023Apr 25, 2023486$114.0MHONSPGICIvs. Q4 2022SEC
Q4 2022Feb 8, 2023137$54.0MATVIWMTGENvs. Q3 2022SEC
Q3 2022Nov 10, 2022134$47.2MUPSMTDPGRvs. Q2 2022SEC
Q2 2022Aug 8, 2022119$44.5MICEHLTGOOGLvs. Q1 2022SEC
Q1 2022Apr 27, 2022127$45.5MAMDFBINXOMvs. Q4 2021SEC
Q4 2021Jan 21, 2022120$41.5MAVGOORCLXOMvs. Q3 2021SEC
Q3 2021Nov 12, 2021123$46.3MACNKOADBEvs. Q2 2021SEC
Q2 2021Aug 16, 2021155$59.1MNFLXGLWKOvs. Q1 2021SEC
Q1 2021May 17, 202132$8.78MJPMKOQCOM–SEC